Abundance and Exponential Growth - The 401k … [email protected] TF: 877.932.6236 F:...
Transcript of Abundance and Exponential Growth - The 401k … [email protected] TF: 877.932.6236 F:...
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Abundance and Exponential GrowthBy Charlie Epstein
Those were the watch‐words at Singularity University’s Exponential Technologies Executive Program; a two‐day conference I attended last month at NASA Research Park in Silicon Valley, California. Peter Diamandis, Author of Abundance: The Future is Better than You Think and Ray Kurzweil, Author of How to Create a Mind lead the two‐day intensive on topics ranging from Bio Technology breakthroughs in Science and Health (imagine in 20 years you will be able to replace every organ in your body via 3‐D printing machine) to privately funded space exploration to the Moon, Mars and even asteroids. Among his many accomplishments, Peter is an M.D. from Harvard and has his Engineering Degree from MIT. He spent his childhood dreaming of going up into space. As he grew older, he realized this was not going to happen, mainly because government regulations precluded any citizen from going up into space. Undaunted, he created the $10 Million Dollar X‐Prize, to incentivize private industries to build a spacecraft and launch into sub‐orbital space. The prize was later re‐named the Anisar‐Xprize, after the husband and wife who put up the bulk of the $10 Million dollar prize. In 2004, in the Mojave Desert, Paul Allen's (of MicroSoft fame) space team launched successfully, and history was made! Want to make the journey today? No problem. Richard Branson's Virgin Galactic, www.virgingalactic.com, still has seats available at $200,000 a pop!
Ray, who was just hired as Google's head of Artificial Intelligence, shared with the 50 of us in attendance, the rapid exponential growth that is occurring in technology and the life sciences. The explosive growth in these areas, just in the past 20 years, has dwarfed all knowledge from the past 500 years. Ray shared that, right now; computers can process information nearly as fast as the human brain and, in less than 10 years, they will surpass our processing prowess. Next stop: computer brains that think and process information intuitively and thoughtfully. In the area of Life Sciences; the recent mapping of the genome has released the power of both DNA and RNA into the hands of scientists across the globe who are working fast and furious to eliminate chronic illness and extend our life spans, beyond anything we can imagine. We are on the brink of a world we can barely imagine, with enormous opportunity and unthinkable abundance. What the mind can imagine, it truly can achieve. Consider this: in the not so distant future, say 20 years, robots will replace most of the mundane jobs humans do today! “You want fries with that?”
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I would invite all of you to read both Peter and Rays’ books and follow their blogs at www.diamandis.com and kurzweilai.com, respectively. The future is Faster, Easier & Bigger than you can imagine. With this kind of Abundance thinking in mind, we will be launching a new program this year called; The Big Idea Focus Group. We are looking for financial professionals who understand the power of "BIG IDEA THINKING” to influence and impact the success and significance of our industry and their own lives; both personally and professionally. Together we will focus on supporting and inspiring each other to grow beyond our current self‐imposed limits. The Big Idea Focus Group will be “taking off” in November 2013. Stay tuned for more details. Happy Abundant thinking to you in 2013 and beyond!!
Charlie Epstein, CLU, ChFC, AIF® is the founder of The 401k Coach® Program, which offers expert training
for financial professionals to develop the skills, systems and processes necessary to excel in the 401(k)
industry and facilitate successful retirement outcomes for plan sponsors and participants. He is the
author of the book, Paychecks for Life®, which offers nine Principles for participants to turn their 401(k)
plans into a secure retirement income. www.the401kcoach.com
Charlie exchanges books with author of
Abundance, Peter H. Diamandis